Jervois takes 5 pct of eCobalt amid calls for leadership change: Reuters
Australia’s Jervois Mining Ltd has bought almost 5 percent of shares in eCobalt Solutions Inc, which is developing a high grade cobalt mine in the United States, days after two of its biggest shareholders called for management overhaul, Reuters reported. Vancouver-based eCobalt owns 100 percent of the Idaho Cobalt project, a high grade cobalt deposit with a partially completed mine site and mill. Australia-based hedge funds Tribeca Investment Partners and Regal Funds Management last week called for management change at eCobalt or the launch of a sales process, saying ongoing mine development delays were wasting a windfall from high battery sector demand.
30 July 2018•2 mins read
